Variable-load Pricing with Diverse Technologies |
Common terms and phrases
absence of regulation assumed attacked as inducing ax zjt B₂ K₂ B₂K₂ capacity charge capacity cost constraint is binding contribution to capital convex combination demand function demand within pricing discrete technology model diverse technologies model effect of rate-of-return encourages the firm firm to employ firm to purchase heterogeneous capacity highest indexed plant implies imputed to users indexed plant type Intraperiod invariant demand j-th period Jy jt L.G. Epstein marginal cost Number output produced paper peak-load pricing period Ĵ planning cycle plant mix plant z capacity power grid price charged pricing and capacity pricing intervals PRICING WITH DIVERSE production Quantity of electrical r-us R₂ rate-of rate-of-return regulation S.D. Berkowitz subperiod theory of peak-load Tj+1 TORONTO unit of output utilized variable-load pricing Wenders Xzjt z capacity purchased Z-th plant zj^zj zjt dt ах